The building of IoT solutions include three main components: hardware,
software and networking. The markets are broken down into subsets.
Hardware consists of sensors, programmable logic controllers, and
distributed control systems. Software involves IoT platforms, big data,
and security solutions. Networking is available in wired or wireless
configurations.

This report examines the technologies, markets and factors influencing
the markets for IoT systems. Markets are forecast based on historical
activity and current opportunities; technical advances and challenges;
and five subsets of the discrete parts market: automotive and
transportation; electronics and computer; consumer goods; aerospace,
aviation and defense; and machinery and heavy equipment.

The forecasts presented are for the total available makets. Some
discussion is provided that compares actual revenues with market
potential. Markets are broken down by technology and sector, and then
discussed within the context of technology trends. A detailed analysis
of the technology and market potential is used as a basis for estimating
world markets for these products. Thorough analyses are carried out of
IoT practices, along with trends toward the uptake of solution costs,
emerging standards and common practices.